The global impact of Coinbase’s data breach is widening as arrests emerge across continents over stolen customer information.
Crypto exchange Coinbase has confirmed the arrest in India of a former customer support employee linked to a major data breach that occurred in May 2025. Hackers accessed customer data through outsourced support staff and later attempted to extort $20 million from the company. Coinbase estimates the cost of remediation at $400 million, making it one of the most expensive security incidents in crypto history.
Coinbase CEO Brian Armstrong said at least two support staff outsourced to an Indian firm have been arrested or detained, with more arrests expected. He stressed the company’s zero tolerance for misconduct and praised cooperation with Indian law enforcement.
The case has since expanded globally. In the United States, a Brooklyn resident was arrested for allegedly using the stolen data in a long-running identity fraud scheme targeting Coinbase users.
Despite the seriousness of the breach, Coinbase shares dipped just 1.2%, highlighting investor calm. However, the incident underscores the growing risks around outsourced operations and data security as crypto firms scale globally.
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